Good family tax planning often means that:
a. Gifts of appreciated property will be made from low-bracket children to high-bracket parents.
b. Gifts of income-producing property, like U.S. savings bonds, will be made from low-bracket parents to high-bracket children.
c. Both a. and b. are correct.
d. Neither a. nor b. are correct.
Answer: d. Neither a. nor b. are correct.
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